SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Sees Significant Drop in Short Interest

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 19,766 shares, a drop of 48.3% from the July 15th total of 38,214 shares. Based on an average trading volume of 59,155 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF

A number of institutional investors have recently added to or reduced their stakes in SPWO. Lido Advisors LLC raised its stake in shares of SP Funds S&P World (ex-US) ETF by 11.0% during the 1st quarter. Lido Advisors LLC now owns 12,762 shares of the company’s stock worth $360,000 after buying an additional 1,267 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of SP Funds S&P World (ex-US) ETF in the 1st quarter valued at approximately $486,000. Mariner LLC purchased a new stake in shares of SP Funds S&P World (ex-US) ETF in the fourth quarter valued at approximately $269,000. Goldman Sachs Group Inc. purchased a new stake in shares of SP Funds S&P World (ex-US) ETF in the fourth quarter valued at approximately $367,000. Finally, Strengthening Families & Communities LLC grew its holdings in SP Funds S&P World (ex-US) ETF by 243.6% during the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock worth $190,000 after acquiring an additional 4,931 shares during the period.

SP Funds S&P World (ex-US) ETF Trading Down 0.6%

Shares of SP Funds S&P World (ex-US) ETF stock traded down $0.19 on Friday, reaching $33.79. 51,803 shares of the stock were exchanged, compared to its average volume of 61,216. The firm has a market capitalization of $207.81 million, a PE ratio of 21.74 and a beta of 0.93. SP Funds S&P World has a 1-year low of $24.35 and a 1-year high of $35.46. The business has a fifty day moving average price of $33.11 and a two-hundred day moving average price of $31.53.

About SP Funds S&P World (ex-US) ETF

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.